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Bitcoin News
Cryptonews
4d
137
Meta Investors Overwhelmingly Nix Bitcoin Treasury Proposal
- Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company’s balance sheet, with over 5 billion votes against and just 0.08% in favor.
- CEO Mark Zuckerberg also voted against the proposal, aligning with the majority decision.
- Bitcoin advocate Ethan Peck argued that holding BTC could hedge against inflation, but the proposal did not gain traction within Meta or other major tech firms like Microsoft and Amazon.
- While institutional investors and companies like GameStop and Metaplanet have embraced Bitcoin treasury strategies, Meta's shareholders have decisively turned down the idea.
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8 Likes
Cryptonews
4d
222
Mixed Messages: Silk Road Founder’s 300 BTC Windfall Sparks Speculation
- Ross Ulbricht received 300 Bitcoin at his public donation address, sparking speculation over its origin.
- The Bitcoin was routed through a centralised mixing service called Jambler, with on-chain data showing it originated from long-dormant addresses.
- Speculation regarding the donation being a self-donation or a hidden Silk Road stash was disproved by ZachXBT.
- Ulbricht's Bitcoin-only auction on Scarce City, raising US$1.8M, coincided with the donation following his pardon in January 2025.
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13 Likes
Bitcoinist
4d
24
Image Credit: Bitcoinist
Bitcoin Taker Buy/Sell Ratio Shows Divergence On Binance: What It Means
- The Bitcoin Taker Buy/Sell Ratio on Binance has shown a divergence compared to other exchanges recently.
- While the Taker Buy/Sell Ratio has spiked on other platforms, it has decreased on Binance, indicating a bearish sentiment among investors on the exchange.
- This divergence suggests that despite a bullish sentiment in the market as a whole, Binance users are leaning towards a bearish outlook.
- Historical data indicates that similar divergences in the past have led to a 5 to 10% drop in Bitcoin price, raising concerns about a potential bearish outcome.
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1 Like
Coin Telegraph
4d
401
Image Credit: Coin Telegraph
Michael Saylor’s Strategy offers $250M preferred stock to buy more Bitcoin
- Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock to fund more Bitcoin purchases.
- The offering consists of 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, priced at $100 per share to acquire additional Bitcoin and provide working capital.
- Strategy, known as the world's largest corporate Bitcoin holder with 580,955 Bitcoin on its balance sheet, plans to use the proceeds to buy more Bitcoin, potentially adding another 2,351.8 Bitcoin at current market prices.
- The perpetual preferred stock offering will allow Strategy to diversify its funding sources for Bitcoin acquisitions with STRD holders eligible for 10% annual dividends but subject to certain conditions.
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24 Likes
TronWeekly
4d
235
Image Credit: TronWeekly
Bitcoin (BTC) Must Hold $104K or Risk Drop: $130K Target Still in Play
- Bitcoin must secure a daily close above $104,674 to maintain current bullish momentum.
- Analyst Cryptorphic maintains a $130K target for Bitcoin, despite short-term corrections.
- Ethereum's gaining momentum signals a broader altcoin revival in the crypto market.
- Altcoin breakout expected as Ethereum outperforms BTC, indicating a shift in capital rotation.
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14 Likes
Livebitcoinnews
4d
81
Image Credit: Livebitcoinnews
Zcash Price Soars Past $52, Market Cap Nears $890M
- Zcash's price rose above $52, with market cap close to $890M, and a trading volume of $86.94M.
- The increase in Zcash's value is supported by various factors, including a 2.04% increase in the last 24 hours, a 45.16% growth over the past month, and a high trading volume.
- Technical indicators suggest a sustained uptrend for Zcash, with $55 as a resistance level and RSI at 61.76 signaling bullish momentum but caution if surpassing 70.
- Market dynamics and investor confidence play a significant role in Zcash's market performance, with factors like the CMF reading, rising value, and limited token supply influencing its growth.
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4 Likes
Livebitcoinnews
4d
308
Image Credit: Livebitcoinnews
Cardano Hits 110M Transactions Amid Bearish Technical Signals
- Cardano has surpassed 110 million transactions, highlighting growth and continuity in its usage.
- ADA price has dropped by 12.84% to $0.6714, facing bearish technical signals with downward momentum.
- Over 22 billion ADA tokens are staked, reflecting strong community engagement and trust in the Cardano network.
- Cardano's advancements in DeFi, NFTs, and Web3 projects have boosted its daily transaction volume, though price challenges persist amid broader market difficulties.
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18 Likes
Bitcoinist
4d
44
Image Credit: Bitcoinist
Crypto Asset Funds See $286M Inflows, Totaling $10.9B Over 7 Weeks
- Crypto asset funds received $286 million in inflows, reaching a total of $10.9 billion over seven consecutive weeks.
- Despite the positive investment trend, assets under management (AuM) decreased to $177 billion amid increased market volatility attributed to US tariff policy uncertainties.
- Investor sentiment showed significant shifts globally, with notable inflows in the US, Hong Kong, Germany, and Australia, while Switzerland experienced net outflows.
- Ethereum saw continued positive investor interest with $321 million in inflows, while XRP faced outflows. Bitcoin, initially attracting strong inflows, recorded minor net outflows by the week's end.
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2 Likes
Newsbtc
4d
271
Solana Down 13%, But This Indicator Just Turned Bullish
- Analyst identifies a bullish signal on Solana's 12-hour chart based on the Tom Demark (TD) Sequential indicator.
- The TD Sequential buy signal suggests a potential reversal for Solana after a 13% drawdown in the past week.
- On-chain data shows a significant inflow of 2.86 million Solana tokens to Binance, potentially indicating a bearish effect if the motive is distribution.
- Solana's price has dropped to $153.90 following the recent bearish trend.
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16 Likes
Bitcoinsensus
4d
146
Image Credit: Bitcoinsensus
Major Economic Reports This Week—How They Could Impact Crypto & Stocks
- Fed Chair Jerome Powell hinted at the lasting impact of global trade and monetary shifts during an event celebrating the Federal Reserve's Division of International Finance.
- U.S. manufacturing activity slipped further into contraction in May, according to the latest ISM Manufacturing Index report.
- Key reports this week include Europe's CPI and Unemployment data, the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, the U.S. ADP Nonfarm Employment Change report, and the U.S. ISM Non-Manufacturing PMI report.
- The European Central Bank is expected to announce an interest rate cut on Thursday, while the U.S. will release crucial data on imports, exports, and the labor market throughout the week.
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8 Likes
Bitcoinist
4d
198
Image Credit: Bitcoinist
Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming
- Crypto market recovering with Bitcoin and Ethereum reaching new highs. Analyst predicts Bitcoin at $200,000 and Ethereum at $10,000 by 2025.
- Market signals suggest acceleration in the crypto bull cycle leading to a possible altcoin season. Strong rallies in Bitcoin and Ethereum usually precede surges in altcoins.
- Current patterns indicate that altcoin cycle could start when BTC and ETH break through key resistance levels. Analyst advises investors to hold and not sell early.
- Bitcoin Dominance reaching peak levels hint at impending altcoin season. Altcoins historically outperform when BTC.D peaks. Analyst expects potential 50x gains in select cryptocurrencies.
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11 Likes
Newsbtc
4d
60
Image Credit: Newsbtc
Bitcoin Warning Signs? Long-Term Holders Exit While Retail Buyers Rush In
- Bitcoin is experiencing a retreat from its recent all-time high, currently trading in the mid-$100,000 range, with on-chain data reflecting a potential waning momentum.
- Significant stablecoin outflows from Binance, decline in long-term holder participation, and diverging accumulation patterns among wallet cohorts are indicating a looming correction for Bitcoin.
- Large-scale stablecoin withdrawals suggest reduced buying power, while long-term holders have decreased their exposure despite the recent price surge.
- However, other on-chain data hints at a continued upward trajectory for BTC, with the Net Realized Profit/Loss metric supportive of an upward movement and increasing BTC outflows from exchanges possibly indicating renewed institutional interest.
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3 Likes
Bitcoinsensus
4d
324
Image Credit: Bitcoinsensus
U.S. Imports Plunge To Lowest Levels Since 2009—Bitcoin Holds $105K
- The ISM Manufacturing PMI report for May indicated continued contraction in the sector for the third consecutive month, with factory activity remaining weak.
- Imports of American goods hit their lowest levels in 16 years, with the Import Index plunging to 39.9% in May, reflecting the impact of new tariffs and ongoing trade tensions.
- Bitcoin experienced fluctuations, dropping to $103,718 before rebounding to $105,283, trading at a 0.50% deficit over the last 24 hours.
- Investors are keeping an eye on key economic data this week that could influence Bitcoin's trajectory, with markets showing sensitivity to factors like inflation and labor reports.
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19 Likes
Bitcoinsensus
4d
263
Image Credit: Bitcoinsensus
New Details in the Coinbase Breach – Link to TaskUs
- New details in the Coinbase breach raise fresh questions about security practices and contractor collaboration policies.
- The breach traces back to January and involves TaskUs, a Coinbase contractor, where unauthorized access to customer data was detected.
- TaskUs employees were reportedly found involved in leaking data to third parties, leading to over 200 dismissals after an investigation.
- Coinbase severed ties with TaskUs personnel once the leak source was identified, but delay in official filing raises concerns about internal security policies.
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15 Likes
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